K. Sarwar Lateef - The evolving role of the World Bank: helping meet the challenge of development

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title	:	The Evolving Role of the World Bank : Helping Meet the Challenge of Development
author	:	Lateef, K. Sarwar.
publisher	:	World Bank
isbn10 | asin	:	0821332341
print isbn13	:	9780821332344
ebook isbn13	:	9780585238555
language	:	English
subject	World Bank, Economic assistance, Economic development, Economic history--1945-
publication date	:	1995
lcc	:	HG3881.5.W57E964 1995eb
ddc	:	332.1/532
subject	:	World Bank, Economic assistance, Economic development, Economic history--1945-

The Evolving Role of the World Bank Helping Meet the Challenge of Development Editor K. Sarwar Lateef

Copyright 1995 The International Bank for Reconstruction and Development/THE WORLD BANK 1818 H Street, N.W. Washington, D.C. 20433, U.S.A. All rights reserved Manufactured in the United States of America First printing August 1995 Second printing May 1996 The findings, interpretations, and conclusions expressed in this publication are those of the authors and should not be attributed in any manner to the World Bank, to its affiliated organizations, or to the members of its Board of Executive Directors or the countries they represent. The material in this publication is copyrighted. Requests for permission to reproduce portions of it should be sent to the Office of the Publisher at the address shown in the copyright notice above. The World Bank encourages dissemination of its work and will normally give permission promptly and, when the reproduction is for noncommercial purposes, without asking a fee. Permission to copy portions for classroom use is granted through the Copyright Clearance Center, Suite 910, 222 Rosewood Dr., Danvers, Massachusetts 01923, U.S.A. The complete backlist of publications from the World Bank, including those of the IFC, is shown in the annual Index of Publications, which contains an alphabetical title list (with full ordering information) and indexes of subjects, authors, and countries and regions. The latest edition is available free of charge from the Distribution Unit, Office of the Publisher, The World Bank, 1818 H Street, N.W., Washington, D.C. 20433, U.S.A., or from Publications, The World Bank, 66, avenue d'Ina, 75116 Paris, France. ISBN 0-8213-3234-1

Page i The World Bank Group The World Bank Group is a family of multilateral development institutions owned by and accountable to member governments. These governments exercise their ownership function through Boards of Governors on which each member country is represented individually. All the powers vested in the Board of Governors, with a few exceptions, have been delegated to Boards of Executive Directors, who are appointed or elected by member governments. The President of the Bank Group is appointed by the Executive Directors. The World Bank Group today includes five international organizations: The International Bank for Reconstruction and Development (IBRD), the original institution in the group, opened its doors for business in 1946. Today, it is the largest source of market-based loans to developing countries and is a major catalyst of similar financing from other sources. It lends to governments or to public or private entities with government guarantees. It is funded mainly through borrowings on the international capital markets. The International Finance Corporation (IFC) was established in 1956 to support private enterprise in the developing world through the provision and mobilization of loan and equity financing and through its advisory activities relating to, among other things, capital market development and privatization. IFC is also a major catalyst of both local and foreign private investment. Its lending and equity investment activities are based on the principle of taking market risk along with private investors. Under the terms of its Articles of Agreement, it cannot accept government guarantees. The International Development Association (IDA) was created in 1960 to provide finance on concessional terms to low-income countries that lack creditworthiness for IBRD borrowing. IDA is primarily funded from grants it receives from donors in periodic replenishments. The International Centre for Settlement of Investment Disputes (ICSID) was added to the World Bank family in 1966 to provide conciliation and arbitration services for disputes between foreign investors and host governments that arise directly out of an investment. The Multilateral Investment Guarantee Agency (MIGA) was created in 1988 to provide noncommercial investment risk insurance and technical services that help promote investment flows. It also disseminates information on investment opportunities. As is now common practice, the "World Bank" or simply the "Bank" are used interchangeably to mean both IBRD and IDA. The "World Bank Group" refers to IBRD, IDA, IFC, ICSID, and MIGA.

Page iii Contents Foreword v Contributors vii The First Half Century: An Overview K. Sarwar Lateef 1 From Reconstruction to Development in Europe and Japan Caroline Doggart 37 The Food Crisis in South Asia: The Case of India Uma Lele and Balu Bumb 69 The Latin American Debt Crisis Sebastian Edwards 97 The Transition in Central and Eastern Europe and the Former Soviet Union Kemal Dervis, Marcelo Selowsky, and Christine Wallich

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